Things to check out before you choose a health insurance plan

The key motive behind buying a health care insurance policy is to get a financial protection, in case of accidents or illness. Besides keeping your health protected through quality treatment, a health insurance policy can help you take a guard against debts, financial hardships and bankruptcy. Individuals who do not have a mediclaim policy through their parents, spouse, employers or other sources buy individual health insurance plans. If you want to get a coverage for yourself or your family check out the best packages that the reputed insurers have designed.
Here are certain guidelines for buying a medical health insurance policy, that you might find beneficial.
Go for a plan that suits your way of life
Consider the following aspects, when you buy a health insurance plan:
· The requirements of your family, considering the health of the members
· If any of your family members need additional care in the coming years
· Whether or not anyone needs to get prepared for pregnancy or a surgery
· Whether you are satisfied with the current plan or need to upgrade
· Whether the amount spent on health insurance last year needs to be increased
· How you plan to spend on healthcare on a monthly basis
When you check out the online health insurance plans, look out for specific benefits that you might be able to enjoy.
Pre-existing conditions
If any of your family members have a pre-existing ailment, you might not able to get it covered in the health insurance policy. In most of the cases, a waiting period of 2 to 4 years needs to be served. Particularly, if you have heart or bone ailments, the waiting period becomes a factor. Therefore, when you shop around for the best health insurance plans in India, you need to go for a plan that covers your pre-existing ailments at the earliest. Even for critical illnesses that pose a threat to one’s life, the waiting period should be the least. For other diseases and ailments, the waiting period is between three to six months for most of the insurers.
Premium for coverage
The amount of premium you can pay is definitely one of the important factors. When you buy health insurance, check out the benefits that you can get. These should include all possible expenses that you may have to incur, including daycare treatment costs, surgeries, ambulance charges, doctor’s charges and so on. When you scan through the websites of the reputed health insurance companies, you can compare the benefits. At the same time, you need to read the fine print carefully, when you shop for the packages.
Network hospitals
Most of the reputed hospitals in your area are included in the network of the health insurance service provider. Before you buy a policy, you need to check out this list. This ensures that you can receive treatment or cashless benefits from the preferred hospitals.
If you are planning to buy a medical insurance policy, it is wise to do some research and then decide on the plan. You might combine multiple plans to optimize the benefits.